Accesso lifts expectations after bumper autumn
By Josh White
Date: Wednesday 23 Nov 2022
(Sharecast News) - Leisure and entertainment technology provider Accesso updated the market on its trading on Wednesday, reporting an improvement in profitability.
The AIM-traded firm said that since its interim results on 13 September, it had seen a "strong performance" through October, with autumn and Halloween activities performing ahead of expectations.
As a result, it said it now expected revenue for the full 2022 financial year to be at least $138m.
"The group's profitability has improved as the strong performance has been focussed in its higher-margin products, together with operational savings in the cost base," the board said in its statement.
"Due to these dynamics, the group now expects its cash EBITDA margin for the full year to exceed 17%."
At 1301 GMT, shares in Accesso Technology Group were up 11.94% at 750p.
Reporting by Josh White for Sharecast.com.
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